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The current price lowering demonstrates the possible end of [a] formation. The diagonal triangle formation by [5] on the lower wave level seems to be over. Therefore the confirmation for the pair lowering resuming will be the wave (i) completing.



Late british pound fall demonstrates the opportunity of getting to the line that gives the start for (5) wave descending. In case that fact happens then right after the correction is over the further downwards movements is possible on [iii].



Looks as the (ii) completed its formation on Yen. Ascending impulse on (i) was formed earlier. As a result the price growth resuming in frames of forthcoming (iii) wave could be expected in future.


The [iii] wave completes the double zigzag shape due to which the (y) completed its previous formation. Prove of the price lowering resuming will be the bearish impulse formation in direction of [iii].

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